HSIL gains on launching moonbow range of water purifiers

22 Sep 2016

HSIL is currently trading at Rs. 349.05, up by 1.35 points or 0.39% from its previous closing of Rs. 347.70 on the BSE.

The scrip opened at Rs. 350.65 and has touched a high and low of Rs. 353.45 and Rs. 349.05 respectively. So far 6,049 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 369.50 on 24-Aug-2016 and a 52 week low of Rs. 224.00 on 19-Feb-2016.

Last one week high and low of the scrip stood at Rs. 359.20 and Rs. 336.00 respectively. The current market cap of the company is Rs. 2,305.35 crore.

The promoters holding in the company stood at 47.11%, while Institutions and Non-Institutions held 32.83% and 20.05% respectively.

HSIL has launched its moonbow range of water purifiers in five variants. The products are priced between Rs 12,990 and Rs 26,990. The company is aiming for 10 percent market share in the next three years in the segment.

The reverse osmosis water purifiers market is estimated at about Rs 4,000 crore. The company has recently inaugurated two concept retail outlets ‘Gallerias’ in Hyderabad, taking the number of such stores to 10 in the city.

HSIL is one of the leading domestic players in container glass and building products segments. Under the second segment, the company manufactures and trades in sanitaryware products, faucets and wellness products. It has five manufacturing facilities in India, of which three are located in Andhra Pradesh, one in Rajasthan and one in Haryana.

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